Award for Temporary Taking Sample Clauses

Award for Temporary Taking. ‌ If all or any portion of the Premises shall be taken for temporary use or occupancy, the foregoing provisions shall not apply and the Lessee shall continue to pay the full amount of Rent and the Lessee shall perform and observe all of the other terms, covenants, conditions and obligations of this Lease as though the temporary Taking had not occurred, subject to any order of the condemning authority. In the event of a temporary Taking, Lessee shall be entitled to receive the entire amount of the compensation award for such taking, unless the period of temporary use or occupancy shall extend beyond the Expiration Date in which case the compensation shall be apportioned between the Lessor and the Lessee as of the Expiration Date.
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Award for Temporary Taking. In the event of any such taking of the nature referred to in this Section, Tenant shall be entitled to receive the entire amount of the award made for such taking whether paid by way of damages, rent or otherwise, unless such period of temporary use or occupancy shall extend beyond the termination of the Lease, in which case such award shall be apportioned between Landlord and Tenant as of the date of termination of this Lease. Upon the expiration of any such period of temporary use or occupancy, Tenant shall restore the Premises, as nearly as reasonably possible, to their condition immediately prior to such taking. Any portion of the award received by Tenant as compensation for the cost of restoration of the Premises shall be applied by Tenant to such restoration and, if such period of temporary use or occupancy shall extend beyond the termination of the Lease, after deduction of the unamortized value of Tenant's contribution to the Premises Construction Costs, any remaining compensation shall be paid to Landlord on the day of termination of this Lease to the extent not theretofore disbursed by Tenant in connection with such restoration.
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Related to Award for Temporary Taking

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

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